Economic Profile

St. Joseph County, Indiana, branded the South Bend Region, is located in North Central Indiana, with a population of 269,141 people. The city of South Bend, population 101,735, is the economic and cultural hub of a multi-county, bi-state greater region, population 937,203 (eight counties), with a labor force of 471,522. South Bend also ranks as the fourth largest city in the state and is home to the iconic University of Notre Dame. Neighboring Mishawaka is the second largest retail center in the state of Indiana, and the entire region boasts modest housing costs, more than a dozen institutions of higher learning, easy transportation access and convenient commute times that average 20 minutes. Target industries include IT/data, logistics/warehousing and advanced manufacturing.

Source: Hoosiers by the Numbers, 2016

Business Environment

Gross Domestic Product

Mfg

Total

South Bend Mishawaka MSA

$ 2.876B

$ 98.426B

Indiana

$ 13.966B

$ 337.786B

Source: Bureau of Economic Analysis, 2015

Annual Per Capita Income

Annual Per Capita Income

St. Joseph County

$43,040

Indiana

$41,940

United States

$48,112

Source: Bureau of Economic Analysis, 2015

Indiana Taxes

Tax Types

%

Sales Tax

7.00%

Flat Indiana Personal Adjusted Gross Income Tax

3.23%

Corporate Adjusted Gross Income Tax (AGIT) 7.1.17 thru 6.30.18

6.00%

County Income Tax – Resident

1.75%

County Income Tax – Non-resident

0.74%

Source: Indiana Dept. of Revenue

Employment

St. Joseph County

125,177

Unemployment Rate

4.2%

Source: Hoosiers by the Numbers, August 2017

Regional Labor Force Total 446,172 (7 Counties)

Counties

Labor Force

1 St. Joseph (IN)

130,672

2 LaPorte

46,900

3 Marshall

24,302

4 Kosciusko

41,044

5 Elkhart

104,116

6 Cass (MI)

24,646

7 Berrien (MI)

74,492

Total

446,172

Source: Hoosiers by the Numbers, August 2017

Labor Force Commuting Patterns

Sending Workers to St. Joseph County

#Workers

Michigan

8,059

Elkhart County

4,516

LaPorte County

2,195

Marshall County

2,131

Out of State

1,868

Total

18,769

Source: Hoosiers by the Numbers Commuting Patterns, 2015

Major Employers

Company Name

Industry

# Employees

University of Notre Dame

Higher Education

5,802

Beacon Health System

Health Care

4,683

South Bend Community School Corporation

K-12 Public Schools

3,615

Saint Joseph Health System

Health Care

2,626

Indiana University South Bend

Higher Education

1,277

City of South Bend

Government

1,139

AM General

Manufacturing

800

Honeywell

Manufacturing

700

Press Ganey

Health Care Measurement

694

Liberty Mutual Insurance

Insurance

650

Source: 2015, Company Provided & Hoovers

Employment by Industry

Industry

Employment# & Percentage

Government

12,6009.2%

Natural Resources, Mining & Construction

6,1004.5%

Manufacturing

16,70012.2%

Trade, Transportation, Utilities

25,40018.6%

Information

1,5001.1%

Financial Activities

5,5004.0%

Professional/Business Services

14,40010.5%

Education & Health Services

33,90024.8%

Leisure & Hospitality

14,70010.7%

Other Services

6,1004.5%

Total Non-Farm Employment 136,900

Source: Hoosiers by the Numbers, 2017

Demographics

Metropolitan Statistical Area

South Bend-Mishawaka ranks 154th out of the 392 metropolitan statistical areas (MSAs) and includes St. Joseph County in Indiana and Cass County in Michigan. MSA population: 319,226. Source: U.S. Census Bureau

Population Breakdown by Counties in South Bend Region & Surrounding Counties

Counties

2016 Population

July 1 2010 to July, 2016 Population/Percent Change

1St. Joseph (IN)

269,141

0.4%

2LaPorte

110,015

- 0.7%

3Starke

23,009

0.3%

4Marshall

46,556

- 0.4%

5Kosciusko

79,092

0.4%

6Elkhart

203,781

0.2%

7Cass (MI)

51,599

- 0.1%

8Berrien (MI)

154,010

- 0.4%

Source: U.S. Census Bureau, 2016

Population Breakdown by Diversity

81.1%White

13.2%Black Alone

8.2%Hispanic(Non-Hispanic 91.8%)

2.3%Asian Alone

2.7%2 or MoreRace Groups

0.5%AmericanIndian or Alaska Native Alone

0.1%Native Hawaiian & Other PacificIslander

Source: U. S. Census Bureau, 2015

Population Breakdown by Gender, 2014

Male 48.5%

Female 51.5%

Source: U. S. Census Bureau

Population Age Breakdown

Age Range

U.S.

State

County

Preschool, 0-4

6.0%

6.4%

6.5%

5-17

17.0%

17.6%

17.5%

18-24

10.o%

10.1%

11.1%

25-44

26.0%

25.3%

24.9%

45-64

27.0%

26.3%

25.7%

65 & Over

14.0%

14.3%

14.3%

Source: U. S. Census Bureau/Stats Indiana, 2014

Cost of Living Index

City

(MSA) Composite

Grocery Items

Housing

Utilities

Transportation

Health Care

Misc. Goods and Services

South Bend Region

97.0

93.0

103.6

76.3

98.2

101.2

98.5

Des Moines, IA

89.1

91.0

82.8

98.3

98.2

95.8

87.3

Grand Rapids, MI

95.5

97.5

88.1

89.3

108.0

97.0

98.6

Rockford, IL

88.7

92.9

75.4

79.2

104.2

107.7

93.8

Springfield, MO

89.3

95.9

71.4

98.3

88.4

98.6

97.4

Source: Cost of Living Index Report Quarter 2, 2017

Housing Costs

Median List Price of Existing Single-Family Homes

Area

Price

U.S.

$ 98,000

Indiana

$ 142,000

Akron, OH

$ 110,700

Cedar Rapids, IA

$ 147,000

Champaign-Urbana, IL

$ 130,300

Dayton, OH

$ 112,500

Fort Wayne, IN

$ 109,500

Grand Rapids, MI

$ 136,900

Peoria, IL

$ 113,500

St. Joseph County, IN

$ 110,000

Source: National Association of REALTORS, Q3 2015

Housing Costs for Communities Within St. Joseph County

Median List Price of Existing Single-Family Homes

Area

Price

Granger

$ 260,000

Lakeville

$ 170,000

Mishawaka

$ 89,200

New Carlisle

$ 145,000

North Liberty

$ 179,000

South Bend

$ 89,000

Walkerton

$ 115,000

Source: Greater South Bend-Mishawaka Association of REALTORS, May 2016

Transportation

Air: South Bend International Airport

On average, more than 1,600 airline passengers travel through South Bend International Airport (SBN) every day. SBN is a tri-modal airport with air, rail and bus lines. SBN offers 10 nonstop flights including:

Atlanta

Detroit

Chicago

New York City/Newark

Minneapolis

Las Vegas

Phoenix/Mesa

Orlando/Sanford

St. Petersburg/Clearwater/Tampa Bay

Punta Gorda/SW Florida

Transportation Services 2017

Airline Enplanements 151,025

Commuter Bus Passengers 15,373

Train Passengers 114,628

Total Aircraft Operations (Take Off and Landing) 17,186

Total Landed Weight 231,022,446

Total Cargo 11,856,388

Fixed Base Operator (FBO) and Airport Service Providers

Atlantic Aviation offers aircraft fueling, servicing, storage and charter services from their SBN location. The following is also available at this location: Internet café, interactive pilots lounge, state of the art conference room, full de-ice capabilities, large group charter and large aircraft ramp/hangar storage.

Source: flysbn.com

Other International Airports Nearby:(Based on proximity to St. Joseph County)